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1630 Andrews Rd
Murphy, NC 28906

Walgreens · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
14,430 SF
Building Class
B
Year Built
2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
1.31 AC
Zoning
HB
Frontage
519 ft on U.S. 19

About 1630 Andrews Rd , Murphy, NC 28906

Stan Johnson Company, on behalf of ownership, is pleased to offer for sale to qualified investors the 100% fee simple interest in this Walgreens property located at 1630 Andrews Road, Murphy, North Carolina 28906 (the "Property"). Walgreens is operating under an Absolute NNN lease structure in which the tenant is responsible for any and all expenses relating to the Property – this is a 100% passive investment with zero landlord responsibilities whatsoever. The lease has approximately sixteen (16) years remaining in the primary term, with options for Walgreens to extend thereafter. The Property is located less than a mile away from Harrah's Cherokee Valley River Casino & Hotel. Harrah's opened in 2015, and is one of two casinos in North Carolina and the closest casino to the Atlanta MSA. Harrah's draws in over 1.5 million annual visitors to the Murphy area. The Property is also situated on two (2) hard corners with excellent visibility from US-19, and is located directly across the street from a Walmart Supercenter, Hampton Inn, and Best Western. Walgreens (NASDAQ: WBA) holds a BBB/Stable investmentgrade credit rating via S&P and boasts a current market cap of approximately $50 billion. Walgreens currently ranks #17 on the Fortune 500 list and is considered one of the most stable companies in the world.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5503-03-22-9825-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$8,267,240
  • Listing ID: 18218759

  • Date on Market: 2020-01-17

  • Last Updated:

  • Address: 1630 Andrews Rd, Murphy, NC 28906

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